Texas Finance Code

§ 62.207 — EFFECT OF ISSUANCE OF CHARTER

FI § 62.207Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part B. SAVINGS AND LOAN ASSOCIATIONS · Ch. 62. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS · Art. E. CONVERSION TO FEDERAL ASSOCIATION

Statute text

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On the issuance of a charter by the Office of the Comptroller of the Currency, the association:

(1)ceases to be an association incorporated under this subtitle; and

(2)is no longer subject to the supervision and control of the commissioner. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by:

Legislative history

Acts 2013, 83rd Leg., R.S., Ch. 464 (S.B. 1008), Sec. 5, eff. September 1, 2013.